County Developments Northampton Ltd (CDNL), which is owned by Northampton Town FC Chairman David Cardoza, has been wound up after a winding up petition was approved at Birmingham High Court. Legal action was taken over non-payment of nearly £3 million for work carried out on the East Stand and surrounding area.
Developers CDNL Wound Up by High Court
CDNL was set up to project manage the Sixfields redevelopment after the original contractors, First Land, went into administration in January. A total of £1.85 million worth of debt to contractors, Buckingham Group, was also passed on when CDNL took over. The company will attempt to recover the outstanding debts from both First Land and CDNL.
Speaking after the hearing, director of Buckingham Group Tim Brown reportedly had this to say:
“As a contracting organisation we have put more seats in stadia than any other UK contractor. It is the first time we have ever encountered a situation such as this. We don’t like the stadium being unfinished either and we have put forward a number of options. We would very much like to finish the ground.”
Winding-up Petition Solicitors
If you have received a winding up petition our legal experts are able to provide legal advice and representation. Our team of solicitors and barristers can obtain a court adjournment; CVA’s or successfully challenge the validity of the winding up petition to ensure that the petition is dismissed, often without public advertisement.